3M VIETNAM LIMITED

3M VIETNAM LIMITED (CÔNG TY TRÁCH NHIỆM HỮU HẠN 3M VIỆT NAM) is the Vietnamese subsidiary of the U.S.-based multinational conglomerate 3M Company. Established on October 24, 2008, and operating under Business ID and Tax Code 0300788409, the company is officially registered with the Ho Chi Minh City Department of Planning and Investment. With its head office situated on the 20th Floor of the Mapletree Business Center, 1060 Nguyen Van Linh, District 7, Ho Chi Minh City, 3M VIETNAM LIMITED also maintains a representative office in Hanoi and a manufacturing facility at Cat Lai Industrial Park in Thu Duc City.

Fully owned by 3M Company, headquartered in Delaware, USA, the Vietnam entity functions as a wholly foreign-invested limited liability company. It has a declared and paid-up charter capital of approximately USD 2.73 million, supporting a team of 230 employees. The firm’s core business lies in the manufacturing and trading of industrial, consumer, and safety products—such as protective masks, hearing protection devices, helmets, gloves, adhesives, abrasives, and office supplies—aligned with 3M’s global brand portfolio.

From a financial risk and performance perspective, 3M VIETNAM LIMITED experienced a mixed year in 2023. Despite a revenue contraction of 19.26% to USD 138.53 million and a 6.23% decline in profit to USD 8.35 million, the company significantly improved its equity base, which surged 25.58% to USD 41.01 million. Notably, working capital rose by 27.4% to USD 39.26 million, providing a healthy buffer for operational liquidity. However, total assets fell to USD 70.3 million, representing a 12.15% drop compared to the previous year, reflecting a potential divestment or restructuring of fixed or current assets.

This financial pattern suggests that 3M VIETNAM LIMITED is actively adapting its scale and operational efficiency in response to shifting market dynamics, possibly driven by global supply chain adjustments and post-pandemic demand normalization. The firm has remained consistently profitable over the past three years, and its strong capital adequacy and positive net worth offer stability for partners and suppliers. Nonetheless, declining revenues across two consecutive years indicate that strategic cost control and market realignment may be necessary to sustain long-term growth in Vietnam.

In conclusion, 3M VIETNAM LIMITED stands as a strategically positioned foreign-invested enterprise, leveraging 3M's global technological strength and supply chain expertise. While short-term sales performance has softened, the company retains strong equity, profitability, and liquidity metrics—marking it as a resilient and reputable player in Vietnam's manufacturing and industrial trade landscape. This company overview is provided by VANGUARD BUSINESS INFORMATION LLC (VBI), your trusted provider of credit risk analysis and business intelligence in Vietnam and across Asia.